Bitcoin Price Rebounds, JPMorgan Sets Price Target at $146,000
Bitcoin price rebounded above the $31,000 level after the largest single-day decline in Monday trading, extending the unprecedented volatility into 2021 that initially started since the beginning of the September quarter of 2020.
Bitcoin Price Will Hit a New All-Time High Soon, Here’s Why
Bitcoin price hit three years high of $18800 level last week as big market players have started showing confidence in the largest digital coin. The price of bitcoin continues trading around the $18500 level, with expectations that the price will soar above the recent all-time high of 20K shortly.
Bitcoin Smashes Three Year High of $18K, Higher Adoption in Focus
Bitcoin price soared to the highest level in the last three years as several past events have raised investors’ confidence in the largest digital coin. Institutional investments by MicroStrategy and Square along with product integration by PayPal boosted investors’ confidence.
MoneyGram Stock Skyrocket on Triple-Digit Percentage Growth
MoneyGram stock price soared more than 20% after reporting triple-digit percentage transaction volume growth in October, marking the tenth consecutive month of increase. The robust growth in cross broader payments is helping in beating revenue and earnings estimates.
US Dollar Back Above 93 Levels as Vaccine Optimism Fades
US dollar index is back above 93 levels as investor’s optimism over the coronavirus vaccine faded in the past two sessions. The rally in the USD index is also supported by heavy selling in currencies like the Japanese yen and Swiss franc.
European stocks are in red, coronavirus concerns weigh on sentiments
European stocks have lost the upside momentum amid concerns over rising virus infections as well as the delivery of the Pfizer vaccine. Following the Monday rally, the European stocks rally faded due to slowing economic growth on lockdowns.